Fears of a default by the Greek government and dismal IIP data took a toll on the day's proceedings and now the level of 5100 is a strong resistance and if this is conquered than another wall of mountain exists in form of 5200 level. Thus undertake the trading with intraday perspective and only trade with best stock picks which provide you profit during the course of the day itself. As of now we are probably now knocking at a downtrend leg to commence with full swing. The short-term indicators have now turned weak, with the next technical target on the downside for the Nifty expected to be around 4,800. However if Nifty sustains above 4950 level, we may see a technical bounce back in market.
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Support and Resistances for the Day
Indices | Support | Resistance |
Nifty | 4924-4893-4840-4800-4700 | 5100-5200 |
Jackpot Tip Profit
Stock | Profit (Rs) |
Tip | 2730 (Rs 50,000 Trading) |
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Intraday Trading Tips
Share | Gains (Rs) |
Tips | 44770 |
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Future and Options Daily Paid Tips
NSE Nifty 50 Stocks | Made Money (Rs) |
Tipz | 63890 |
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Strong future shares at National stock exchange
Arvind, Delta Corp, VIP Industries, Hero Motors, Hind Uni Lever, Chambal Fertilisers, TVS Motor, Ambuja Cement, Max India & GSPL.
Weak future stocks at NSE
Nagarjuna Fertilisers, Jet Airways, Educomp, RPower, GT Offshore, Triveni Engineering, Moser Baer, Exide Industries, HDIL & Mphasis.
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